General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.

At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.

The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE.

As a result, GE has joined major banks collectively saving billions of dollars by raising money for their operations at lower interest rates. Public records show that GE Capital, the company's massive financing arm, has issued nearly a quarter of the $340 billion in debt backed by the program, which is known as the Temporary Liquidity Guarantee Program, or TLGP. The government's actions have been "powerful and helpful" to the company, GE chief executive Jeffrey Immelt acknowledged in December.

GE's finance arm is not classified as a bank. Rather, it worked its way into the rescue program by owning two relatively small Utah banking institutions, illustrating how the loopholes in the U.S. regulatory system are manifest in the government's historic intervention in the financial crisis.

The Obama administration now wants to close such loopholes as it works to overhaul the financial system. The plan would reaffirm and strengthen the wall between banking and commerce, forcing companies like GE to essentially choose one or the other.

"We'd like to regulate companies according to what they do, rather than what they call themselves or how they charter themselves," said Andrew Williams, a Treasury spokesman.

GE's ability to live in the best of both worlds -- capitalizing on the federal safety net while avoiding more rigorous regulation -- existed well before last year's crisis, because of its unusual corporate structure.

Banking companies are regulated by the Federal Reserve and not allowed to engage in commerce, but federal law has allowed a small number of commercial companies to engage in banking under the lighter hand of the Office of Thrift Supervision. GE falls in the latter group because of its ownership of a Utah savings and loan.

Unlike other major lenders participating in the debt guarantee program, including Bank of America, Citigroup and J.P. Morgan Chase, GE has never been subject to the Fed's stress tests or its rules for limiting risk. Also unlike firms that have received bailout money in the Troubled Assets Relief Program, or TARP, GE is not subject to restrictions such as limits on executive compensation.

Our commitment has been to provide viewers with an effort to find truth on a variety of public policy issues, and relay findings, to expand a base of knowledge for viewer information and opinion-forming, no matter one's political affiliation.

We see danger for us all on three fronts:

An announced potential for a global financial crisis and projected global currency, global government, and new world order.

A coming to fruition plan for some 34 states to propose a uniform amendment or amendments to the U.S. Constitution which may automatically present an Article V Convention.

An organized effort by populists to support state legislatures to call an Article V Convention for any number of reasons.

We continue to work to present the kind of information to convince viewers to be ever vigilant. No matter whom we cite on our pages, when we find groups, organizations, political Parties, or notable individuals in support of any one of the above, we are wary, no matter if we agree on other issues of importance.

We have for instance cited Judge Napolitano's Freedom series on the Constitution broadcast on Fox Nation, yet we remain strongly wary of him due to his stated position to encourage Tea Party participants and others to push state legislatures to adopt a resolution to call for a 2nd Convention.

We cannot stress how important it is for your objection to be heard to your own state's legislature and Governor. According to tracking results from some notables including DeWeese and Gary Kreeps - barring it may be ruled previous resolutions adopted by an individual state and already on the formal-call list are voided due to non-uniformity or outdatedness - there may already be some 31 or 32 potentially valid Convention Calls.

34 state resolutions are the magic number which will initiate, basically automatically, a call for convening an Article V Convention.

This site also notes an essay by Gary Kreep, co-founder of the United States Justice Foundation. He too notes how very close an automatic Constitutional Convention call is given factors that even include some states' attempts to rescind former calls.

We also note an article by Kelleigh Nelson Saving the Republic Part 3 which disputes an automatic call is only some two states away. We also note Nelson's reference to a book we also have in our files which is among the best we've read.

Constitution In Crisis Joan Collins and Ken Hill

We'll list other material relied upon to come to the conclusion that despite how many states in actuality have standing convention calls, action is paramount today to thwart a potential gathering storm for support such as Rand Paul's and Judge Andrew Napalitano's.

Our hope is to be among those who continue to warn it is imperative a 2nd Constitutional Convention never happen. The mechanism for Congress to act on presenting its own Amendment or Amendments to the Constitution is already in place. The normal route has not been used all that much because it is known the Amendment or Amendments which are then ratified by the next step - states ratification process - will stand as an alteration of the U.S. Constitution unless and until a subsequent Congress mounts a similar process to repeal the Amendment.

So many others have long-standing in noting the absolute dangers of an Article V Convention.

Among them:

Phyllis Schlafly

McManus

John Birch Society

World Net Daily

We do not claim support with the named on every issue.

It is crucial we, the people of the United States prevent our representatives from enacting any measures that take away U.S. sovereignty and curb or curtail individual and unalienable rights.

You can help by becoming informed and using the power of the pen to attempt to convince such as Rand Paul and Judge Andrew Napolitano of these noted dangers of an Article V Constitutional Convention.

Climatologist Skeptic James Spann

Incognito for security purposes

My blog was caught twice in a robot spam review and had been offline for several months. Fortunately, Blogger Help Forum exchanges with a real person and top contributor resulted in Net the Truth Online being deemed OK. Should the spam-robots misidentify us again, here's where and what happened. My blog pre=this=mess was going just fine. Then I received notice while away my blog was deleted. Help. http://www.google.com/support/forum/p/blogger/thread?tid=1714c2aa73405a98&hl=en&fid=1714c2aa73405a980004933503778adc